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WASHINGTON–Another high-profile member of Congress who has also been a strong supporter of credit unions is leaving.

ASHLAND, Ore.–A new report suggests the failure to install a software patch is behind the ransomware attack on a CUSO that has caused outages at approximately 60 credit unions.

WASHINGTON—Ahead of a hearing this week on housing affordability, NAFCU and CUNA wrote to the House Financial Services Subcommittee on Housing and Insurance to tout credit unions’ work to provide comparatively lower rates on mortgage loans, especially amid “challenging times.”

WASHINGTON – With reports of its “toxic culture” still very much in the news, the Special Committee established by the FDIC to oversee an independent third-party review of the agency’s workplace culture has provided an update.

WASHINGTON— Federal banking regulators such as the CFPB have fewer guardrails in place for the use of AI than credit unions do, according to a letter sent by NAFCU to the Office of Management and Budget.

FORT WAYNE, Ind.— Allied Payment Network has named Jessica Ludvigsen Vice President of Strategic Solutions.

HAGERSTOWN, Md.–The CUSO at the center of an outage affecting services at more than 60 credit unions has issued a statement offering an update on what’s taking place, while NCUA has provided its own update on the CUs involved and how it has been responding, along with expressing some frustrations over its inability to get more information more quickly.